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Your journey to peace of mind on the water with a Nautical insurance policy tailored to you

Applying for boat insurance with them is a simple and clear process that ensures you have the necessary protection for your vessel.

How to apply for boat insurance

You must complete an application form to apply for boat insurance with Nautical. This collects essential information about your boat, motor, auxiliary equipment, and other interests insured. The application process requires you to provide accurate and complete details to evaluate the insurance you seek effectively.

To initiate the application process, visit Nautical's website and fill out their the application form or contact their customer service representative. You can also visit a local Nautical office.

Premiums for boat insurance with Nautical are calculated based on several factors:

1. The vessel's

• type,
• design,
• year of build,
• and construction.

2. The motor's

• make,
• horsepower,
• serial number,
• and year are also taken into account.

3. Auxiliary equipment and other interests insured are considered as well.

By evaluating these details, Nautical can determine the appropriate premium for your boat insurance policy.

Approval criteria

Approval for boat insurance with Nautical is subject to certain criteria. The insurer will assess the information provided in the application form and evaluate its relevance to the insurance sought. Honesty and accuracy are crucial in fulfilling your duty of disclosure. If the insurer determines that you’ve withheld or misrepresented information, it may result in the policy being voided.

Required documentation

When applying for boat insurance, certain documentation may be required. These documents might include:

• proof of ownership,
• vessel specifications,
• motor details,
• and any relevant certificates or licenses.

The specific documentation needed will vary depending on your boat and individual circumstances. It’s important to provide all necessary documentation to ensure a smooth application process.

Other relevant details to consider

Gear and equipment

Apart from the application process and documentation, there are a few additional points to consider. Nautical covers gear and equipment that are permanently left on board the vessel. Personal effects, water skis, water toys, diving, and fishing gear are not covered. It’s also important to specify any auxiliary motors separately in the application form.

Covering your boat: Trailered boats

If you're transporting your boat with a professional carrier, your Nautical insurance policy has you covered. There's a $2,000 excess applicable in such cases. This ensures your boat is protected during transit, giving you peace of mind throughout the journey.

Moored boats: Coverage and requirements

If you keep your boat on a mooring, Nautical may be able to provide coverage under certain circumstances. It's essential to meet specific requirements. Automatic bilge pumps and storm covers are minimum prerequisites, and additional requirements may apply based on your situation. Ensuring these precautions are in place helps safeguard your boat from potential risks.

Racing cover for trailered yachts

For those with trailered yachts who enjoy racing, Nautical offers cover for this. Remember that a higher excess applies while racing and preparing for races. It's also possible that a higher premium may be required to ensure comprehensive coverage during these high-intensity events.

Coverage for new boat purchases

Planning to buy a new boat outside office hours? Don't worry! If you're already insured with Nautical Insurance, you automatically receive 30 days of coverage for new purchases.

Third-party liability coverage and personal effects 

Nautical offers impressive third-party liability coverage of up to $10 million. It's important to note that personal effects are not covered under this policy if you live aboard the vessel. In such cases, it's advisable to seek coverage from a domestic contents insurer to protect your personal belongings.

Moored vessels: Going beyond New Zealand

If you're planning to take your boat outside New Zealand, Nautical may be able to provide coverage under certain circumstances. Contact them directly to discuss your specific situation and determine if they can offer the coverage you need.

Your duty of disclosure

When applying for insurance, you have a legal duty of disclosure to Nautical. This means you must truthfully disclose all relevant and material information that enables the insurer to assess the insurance you seek. Breaching this duty may result in the policy being voided, and the insurer treating it as if it never existed. The duty of disclosure applies each time your policy renews or when changes are made.

An impeccable claims process with Nautical

In the unfortunate event of a claim, the company swings into action, coordinating salvage and recovery efforts, arranging assessors, and providing immediate guidance.

By providing all the necessary details and completing the required documentation, you can successfully submit your Nautical insurance claim.

Essential details you may need to provide when filing your insurance claim:

• Policy details: policy number, excess amount, and client number.
• Personal details: forename, surname, email address, and phone number.
• Address details: PO box or street, suburb or rural delivery, city or town, and postcode.
• Vessel information: name and type of the vessel.
• Incident details: time, date, and location of the incident, along with a detailed description of what happened, speed, weather conditions, water conditions, tide, and wind speed.
• Helm person details: relationship to the insured and disclosure of intoxication within 12 hours of the incident.
• Damage assessment: full details of the damage and if an estimate for repair costs has been obtained.
• Ownership and other insurance: confirmation of owning the damaged property and disclosure of other insurance coverage.
• Theft details: notification to the police if applicable.
• Liability and other parties: declaration of no liability admission, forwarding of communications, and an indication of fault.
• Supporting documentation: sketch plan and photos, if available.

By completing their user-friendly claims form and supplying the required information, you'll be well on your way to getting your vessel repaired or replaced promptly. Conveniently accessible on their website, the claims form ensures a seamless experience. Remember, the more details you provide, the speedier the resolution, so you can get back out on the water in no time.